Modifies the calculations of state aid for school districts

This bill updates the formulas Missouri uses to calculate state funding for public school districts. It directly affects school districts by changing how they determine their eligibility for financial aid based on student attendance and spending. The law redefines key terms like "adjusted operating levy" and "average daily attendance" to ensure funding calculations account for summer school students and specific resident pupil definitions. Additionally, it establishes new rules for calculating "current operating expenditures" and introduces a "dollar-value modifier" that adjusts funding based on regional wage differences to reflect changes in purchasing power.